Seifert v. Selby
District Court, E.D. Michigan
1Opinion of the Court
ORDER ON APPEAL
CHURCHILL, District Judge.
Factual Setting
On December 1, 1987, Lloyd and Marcella Seifert (“Debtors”) filed for relief under Chapter 7 of the federal bankruptcy code. On Schedule B-l, Debtors listed a land contract vendee interest in 6.4 acres of real property located in Gratiot County, Michigan. Debtors indicated that the fair market value of the land was $22,500, and that the balance due on the land contract was $16,000. 1 On Schedule B-4, Debtors claimed as exempt $6,500 in equity associated with their land contract vendee interest.
A creditors’ meeting was held on January 5,…
2Cases cited10 opinions
- Estate of Reich v. Burke (In Re Reich)United States Bankruptcy Court, E.D. Michigan · 1985
- In Re BennettUnited States Bankruptcy Court, W.D. Kentucky · 1984
- In Re HahnUnited States Bankruptcy Court, D. Minnesota · 1985
- Kretzer v. DFW Federal Credit Union (In Re Kretzer)United States Bankruptcy Court, D. Nevada · 1985
- In Re Van IperenCourt of Appeals for the Eighth Circuit · 1987
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